Fotowatio to Withdraw from Solar Project in India Updated On Tue, Aug 21st, 2018 by Saurenergy Having the FRV’s solar project in Ananthapuramu Solar Park in Andhra Pradesh on sale, Edelweiss Infrastructure Yield Plus Fund and Actis LLP’s Sprng Energy have already indicated interest in acquisition. Arabian clean and renewable energy solutions provider, Fotowatio Renewable Ventures (FRV) has planned to withdraw its only ownership in the Indian solar space. Having the […] Read more
NTPC asserts Additional Tariff for Bid Resubmission for 2GW Project Updated On Thu, Aug 9th, 2018 by Saurenergy Pre-qualified developers for NTPC tender show their concern about whether they would be allowed to pass on the incremental tariff because of the safeguard duty to distribution companies. Feeding the impacts of the safeguard duty on imports, state-run National Thermal Power Corporation (NTPC) has asked the pre-qualified bidders of 2GW solar power project to resubmit […] Read more
SECI Cancels Solar Bids for 2,400 MW Projects Updated On Fri, Aug 3rd, 2018 by Saurenergy ACME is the only developer that was allotted the 600 MW SECI solar project which had quoted lowest tariff of Rs. 2.44 per unit. Solar Energy Corporation of India (SECI) has cancelled the allotment of 2400 MW of auctioned solar projects after the auction of 3000 MW of solar projects held on July 13. While […] Read more
PE/VC Inflows Surged by 46 Percent in First Half, Cross $15 Billion, Says Report Updated On Tue, Jul 10th, 2018 by Saurenergy The report stated that the period saw as many as 36 large deals worth USD 11.5 billion, which were mostly buyouts, making such deals the highest ever at USD 4.9 billion, or 32 percent of all investments received. The funds from the private equity (PE) and venture capitalists (VCs) have surged by 46% in the first […] Read more
India’s Utility Solar Capacity Grows 72% in 2017-18, says Bridge To India Report Updated On Thu, Jun 21st, 2018 by Saurenergy The total solar installation was 10.4 GW, the rest comprising rooftop solar plants and off-grid solutions, taking India’s cumulative solar capacity to 24.4 GW, it said. Solar consultancy firm Bridge To India in its latest annual report on the sector said that India’s utility solar capacity grew by a whopping 72 percent in FY18 as […] Read more
India Won’t Impose Safeguard Duty on Imported Solar Equipment Updated On Thu, May 31st, 2018 by Saurenergy The decision had different effects on solar players in the country. On the one hand it had delighted manufacturers while as on the other hand it alarmed developers about the steep rise in input costs. Overruling the directorate general of safeguards’ recommendation of 70% levy on imported solar equipment, the government has reversed the decision […] Read more
Saurabh Bhandari to Speak At The India Conference, Harvard Business School, Boston, USA Updated On Tue, Feb 6th, 2018 by Saurenergy Saurabh Bhandari, Founder CEO of SolarMaxx has been invited as a speaker at the India Conference 2018 in Boston, Massachusetts this February. The India Conference is one of the largest student-run conferences focusing on India in the USA. It is hosted at the Harvard Business School and Harvard Kennedy School by the graduate students of […] Read more
Slight Rise in Solar Tariff during Rajasthan Auction Updated On Tue, Dec 26th, 2017 by Saurenergy This time in the first part of the auction, Hero Future Energies quoted the lowest tariff of Rs 2.47 per unit and was awarded the 300 MW it had asked for. After a steep fall for over two years, solar duty rose marginally at the latest auction conducted by the Solar Energy Corporation of India […] Read more
INDIA Marches Ahead Updated On Wed, Dec 13th, 2017 by Saurenergy As 2017 comes to an end, it is worth taking a holistic look at the Indian solar market to analyze key trends, challenges and outlook. By many accounts, the Indian solar power industry is on a roll. According to a report released by consulting firm Bridge to India, India is expected to reach an installed […] Read more
